Royal Gold ($RGLD) podcast mentions

Per Ticker.id: 1 Royal Gold ($RGLD) mention across 1 podcast (30 days) — timestamped, verifiable quotes, updated 2026-09-11.

1. Yeah. Well, look, it's easy to look back now with hindsight, but that was definitely a project that was sort of overestimated, over-marketed back under Rubicon 1.0. And I think The company at the time was trying to take advantage of a very hot gold market. And there'd also been another asset in, I believe, Red Lake that had sold for several billion dollars, and they were trying to ride on the coattails of that with all the hype around that sale or acquisition at the time by Goldcorp. And I just think the promotion took over. And when I looked at it, to be honest with you, first of all, when they approached me in July of 2016, initially I said no because of all the baggage and negativity around the story. And then in August of that year, I said, okay, well, look, I'll sign a CA and I'll come into the data room and do some due diligence. I even visited the project in September of that year. And I came to the conclusion, the fact that the mine had already been built, the shaft had been sunk, there was 13 kilometers of development in the mine, the tailings pond was in place, the infrastructure was there, the power was in. I came to the conclusion that all of those now were sunk costs. And if we had a clean slate, and it wasn't good for the old shareholders because there was 162:1 rollback of the stock. Uh, you know, the debt people who were indebted to the company got paid cents on the dollar. We negotiated with the two big lenders, which was Royal Gold and CPIB at the time, and they took shares in the new co, or the restructured company. And starting with a nice clean balance sheet, a really tight share capital structure, all that sunk cost, there was hundreds of millions of dollars of tax loss pools that we, we could use when we put into the financial economic model. And essentially we did everything the way it should have been done from square one. And we took a very pragmatic, a very conservative view. We redid the resource. We were drilling in those stopes on 5-meter centers. We ran a 40,000-tonne bulk sample. You know, people ask me, George, you're coming in, we should rebrand the company tomorrow.

   George Ogilvie · Mining Stock Daily · The Mining CEO Behind Two Major Exits Starts Again - George Ogilvie · 2026-09-11

2. Yeah. Yeah. And it's still, it's got a lot of upside. And, and that's, and David Carafello, who ran Goldcorp as the CEO, I mean, they've got some great managers there. They're very disciplined and they're very focused. That's one. That's a smaller one. Medium would be OR Royalties, which is the Osisko Royalties, OR Royalties. They renamed it, which is sort of a mid-tier. And then we own Royal Gold and also Wheaton Precious Metals and Franco Nevada as the big guys. And in terms of the miners, like Niko Eagle, we've owned for some time, and you can't go too far wrong with that. And yeah, we have a couple of smaller positions. They're not overly large. And, you know, Power Metallic, which is a poly— poly— um, uh, polymetallic, um, business, and they predominantly copper. Um, but that's, that's exploration. They're drilling and they're doing a lot of work. But we love this. We love what they're doing. Um, it's got all— it's got 14 different billionaires invested in it. It's, you know, it's well established. Terry Lynch is the CEO. It's, it's a great property, um, and you can buy it pretty cheap. But that's a smaller one, more— a little bit more speculative. And yeah, so there's just, there's a few names there on that side that we own.

   Jonathan Wellum · Thoughtful Money with Adam Taggart · With Trust Breaking The World Over, Quality Collateral Is Now Key | Jonathan Wellum · 2026-08-18